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Jun 04, 2019

Kestra Financial, Inc. completes recapitalization including Warburg Pincus

AUSTIN, Texas–(BUSINESS WIRE)–Kestra Financial, Inc. (Kestra Financial) today announced the completion of its acquisition by affiliated funds of Warburg Pincus, LLC (Warburg Pincus). Funds managed by Stone Point Capital LLC (Stone Point), the company’s previous majority owner, will maintain a minority stake in the company as will Kestra Financial’s management team and a number of the company’s financial advisors.

The transaction underscores Kestra Financial’s unparalleled commitment to enhancing its state-of-the-art capabilities for independent financial advisors and their clients, that will fuel next-generation growth through industry-leading recruiting as well as institutional and wealth management firm acquisitions.

“We are constantly evolving in order to deliver an exceptional experience for our high-end advisors using our premier services to build their brands,” said James Poer, President and CEO of Kestra Financial. “Together with Warburg Pincus and Stone Point, we very much look forward to accelerating our firm’s strategy of building an industry-leading wealth management organization and delivering on our mission to empower advisor success.”
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About Kestra Financial
Kestra Financial, Inc. (Kestra Financial) provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency.

Headquartered in the “Silicon Hills” of Austin, Texas, Kestra Financial offers an experience as unique as the city in which it operates. The firm supports more than 2000+ independent financial advisors in delivering comprehensive securities and investment advisory services to their clients. Kestra Financial is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC; all federally registered investment advisers.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $58 billion in private equity assets under management. The firm’s active portfolio of more than 180 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 18 private equity funds, which have invested more than $74 billion in over 860 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.

About Stone Point Capital LLC
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds – the Trident Funds – with aggregate committed capital of approximately $19 billion. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For more information about Stone Point, visit www.stonepoint.com.

Contacts
Gregory FCA for Kestra Financial
Allie Long, 610-228-2103
kestra@gregoryfca.com